FX

$GBPUSD 07 February 2012

[tab:Setup]

I was scalping some shorts at the end of U.S session, and decided to scrapped the trade with over 10 pips profit. It looks to me, cable might be preparing for another up leg. Well, it might be too early to make the call, I would prefer to stay away from any shorting idea for now.

Let’s see how it goes.

Here is the …… CHART!!!

GBPUSD 07Feb2012 H1 — $GBPUSD 07 Feb 2012

[tab:Update 08 Feb 2012]

Cable broke out from the flag yesterday, and now I am looking at potential long opportunity at the pull back to the range of 1.5830/1.5860 with target around 1.6050.

Here is the… CHART!!

GBPUSD 08Feb2012 H1 — $GBPUSD 08 Feb 2012

$GBPUSD 03 February 2012

by Gav 1 Comment

Here is the cable chart to update my last post. $GBPUSD forced through the resistance level, pulled back, and headed higher. It reacted at the problematic level, and the next Long target will be around 1.6040 if it decided to go further.

Let’s see how it goes.

Here is the …. CHART!

Gbpusd 03Feb2012 H4 — $GBPUSD 03 Feb 2012

$GBPUSD 25 January 2012

by Gav 2 Comments

Here is the chart of cable with the levels I am watching. For the time being, I am looking at potential short near the level.

Gbpusd 25Jan2012 H4 — $GBPUSD 25 January 2012 Level to watch

$AUDUSD 18 Jan 2012

by Gav Leave a Comment

I see two possible scenarios for $AUDUSD. I like the fact that it broke through the resistance yesterday, potentially complete the ABCD movement. However, looking at the daily chart, the latest candle/pin bar (if it means anything to you at all!) looks a little bearish now.

Let’s see how it goes.

Here is the ….. CHART!!

Dollar Index ($USDX) 06 Jan 2012

by Gav 1 Comment

I was looking at Dollar index ahead of Friday’s NFP. Are we looking at another leg up?

Here is the …. CHART!!

Dollar Index 2012-01-06_12-24 — Dollar Index $USDX

Some food for thought to start the new year

by Gav Leave a Comment

Here is quote from my interview with TASC some time ago. I thought it might help some of my 13 readers to kick start the new year. Here’s to a healthy and profitable 2012. Now, let’s get back to business.

$GBPUSD 07 February 2012

$GBPUSD 03 February 2012

$GBPUSD 25 January 2012

$AUDUSD 18 Jan 2012

Dollar Index ($USDX) 06 Jan 2012

Some food for thought to start the new year

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